The most common strategic analysis forms are:
SWOT (Strengths, Weaknesses, Opportunities, Threats)
PEST (Political, Economic, Social, Technical)
SOAR (Strengths, Opportunities, Aspirations, Results)
While each tool has a different focus, they all have certain pros and cons that you should be aware of before implementing them. In this week’s forum, comment on the following:
In your opinion, what assumptions do these tools rely on?
What other processes or tools could you use in conjunction with SWOT, PEST or SOAR to enhance their usefulness? Why would using them alongside other tools enhance their usefulness?
A variant to the SWOT is TOWS. Using the same grid for Strengths, Weaknesses, Opportunities and Threats, TOWS analysis helps you to think about the analysis gained in the SWOT and build options for applying this information by taking an external view and linking each of the segments to consider scenarios for example, for using your strengths to minimize threats. Have a look at this TOWS resource on MindTools and think about how you might use this to further your thinking. Would this bring out new insights for your planning?
Duff, V. (2017). What is Strategic Benchmarking. retrieved January 2, 2017 from http://smallbusiness.chron.com/strategic-benchmarking-10076.html
Keehley, P., & Abercrombie, N. N., (2008). Chapter 1: Foundations of benchmarking. In Benchmarking in the public and nonprofit sectors (2nd ed., pp. 11-25). San Francisco, CA: Jossey-Bass. Retrieved from the Ebook Central e-book database*.
Voelker, K. E., Rakich, J. S., & French, G. R. (2001). The balanced scorecard in healthcare organizations: a performance measurement and strategic planning methodology. Hospital topics, 79(3), 13-24
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more